Insurance companies are on the front lines when it comes to exposure to the financial risks of climate change. The internet of things (IoT) is shaping up to be a key component in mitigating those risks."Insurance companies rely upon historical loss records to guide their underwriting and set their prices," Washing Insurance Commission Mike Kreidler and California Insurance Commission Dave Jones wrote in the forward of Insurer Climate Risk Disclosure Survey Report & Scorecard: 2016 Findings & Recommendations by nonprofit organization Ceres.